The headlines National CPI comes in at 0.2% y/y,  – expected 0.3%, prior was 0.2% National CPI y/y excluding Fresh Food is 04% y/y – expected 0.4%, prior was 0.3% National CPI […]

Two separate freedom of navigation operations carried out. China is seeking to expands its role in the South China Sea. The US (and other) navies are sailing through on these operations. Its […]

Analysts at Citi outline a scenarios where FX volatility rises. Yeah, I hope they’re right! (Hope being the 4 letter word in the headline) Citi’s reasoning (in very brief) goes along the […]

An administration official with the announcement.  Its a stop gap funding bill, but good news for government workers ahead of Christmas.  ForexLive Continue Reading:… Search Web: US President Trump signs bill to […]

There is a rotation of Federal Reserve regional bank presidents for voting positions on the Federal Open Market Committee each year. The board of governors does not change, just the regional ban […]

Australian CBA Markit preliminary PMIs for November  Manufacturing  49.9 – prior 50.0 Services  49.5 – prior 50.1 Composite  49.5 – prior 50.0 All three drop into contraction.  New orders and employment sub-indexes […]

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: Continue Reading:… Search […]

Federal Reserve Chair Janet Yellen spoke at a business forum on Thursday Via CNBC, some key points she made: – U.S. economy is in "excellent" shape but facing several risks. Here is […]

There was a retail sales tax hike on October 1 which should have given the CPI reading for that month a boost. Long story short is it has given it a boost, […]

Forex news for North American trade on November 21, 2019: Markets: The euro and pound were at the highs of the day as New York rolled in but the theme from there […]

A few preliminary PMIs along with Japanese inflation data 2200 GMT Australia CBA / Markit preliminary PMIs for November  – Manufacturing prior 50.0 – Services prior 50.1 Continue Reading:… Search Web: Here […]

DeGuindos speaking in Madrid. ECB Vice Pres. Luis DeGuindos is on the newswires saying: DeGuindos has little bit of something for everybody in his comments.   Continue Reading:… Search Web: ECB DeGuindos: Risks remain to […]

For the 2nd week in a row, we go into the final day of the week with the lowest trading range in over 17 years Last week we stood at 54 pips […]

Poloz hinted that he’s happy with rates In the past week, the market got excited about the potential for rate cuts. I would argue that was from a mis-read of the headlines. […]

The November low at 0.6769 The AUDUSD is testing the low for the week at 0.6784-857 (just trading below as I type). The pair has been up and down today.  Continue Reading:… […]

No auto tariffs for now, but more tariffs could be coming From Politico: Trump administration officials are considering whether to start a new trade investigation against the European Union as the window […]

Richard Neal says no deal after meeting with Lighthizer The negotiations over the new NAFTA deal continue. Neal says discussions will continue and that it’s still possible to get a deal through […]

Comments from the Global Times editor Tweet from Hu Xijin, who is often viewed as a mouthpiece for Beijing: The US has the upper hand in US-China trade war, which allows it […]

Citi on the Fed outlook Citi discusses the Fed policy trajectory in light of yesterday’s FOMC minutes from the October meeting. "Minutes from the October 30th FOMC released overnight are broadly consistent with […]

The billionaire mulls a run He filed some state paperwork recently and has long employed a political staff. This is no surprise but he’s a longshot. He’s built an amazing business and […]

Slightly stronger auction than expected The US sold 9-year, 8-month TIPS in a reopening at +0.149% above inflation. US 10-year on-the-run notes are at 1.77% so that pegs expected inflation at 1.62% […]

Editor of China Global Times Hu Xijin Meanwhile the editor of the China Global Times, Hu Xijin is also tweeting in regard to the US Hong Kong bill: ForexLive Continue Reading:… Search Web: China […]

FOXBusiness’s Edward Lawrence FOXBusiness’s Edward Lawrence is tweeting that: House Speaker Nancy Pelosi just told me the ball is in the administrations court and USMCA to put protections inside the deal. Out of the meeting with […]

Highest level since September 24 The move today took the price above its November high at $58.09. Recall that the price of crude oil traded above and below its 200 day moving […]

Current price is down about $500 on the day The price of bitcoin on the Coinbase exchange (7 day work week), is trading down around $500 at $7584.80. The low for the day reached $7374.50. The high […]

Late Europe/London selling pressure The GBPUSD has crack to new session lows as European/London traders look toward the end of day. In the process, the pair has moved below the 100 hour moving average […]

Closing changes for the main European bourses: The FTSE 100 fell to the lowest since October 23 today. ForexLive Continue Reading:… Search Web: European equity close: Modest decline with UK leading the […]

Former PM to face trial A prosecutor had decided to indict him on three corruption charges — bribery, fraud and breach of trust. The accusations are old news but Israeli politics are […]

Pelosi talks about the new NAFTA deal She had previously promised (or hoped?) to get it done this year. In any case, I don’t think the deal is a market mover. It’s […]

Two-day drop followed by a two-day rally Oil touched the highest since Sept 24 in the early hours of trading on Monday then took a nearly 6% nosedive, in part due to […]

Also falls below the 100 hour MA and trend line support.   see earlier post here   However, the current bar has been able to move below those moving averages as well as the […]

Comments from Mester to reporters: This is the status-quo line from the Fed right now. They don’t want the market to price in any rate moves but that cold all blow up […]

100 hour MA at 3092.22 The S&P is sliding lower after the latest South China Morning Post headlines ().   CLICK HERE The index is now down about 10 points at 3098.40. The low price extended to 3096.79. […]

SCMP report Congress passed the Hong Kong Human Rights and Democracy Act yesterday and Trump is expected to sign the bill shortly. The SCMP that Beijing is watching closely. While they fully […]

Kashkari speaks in a Q&A: ForexLive Continue Reading:… Search Web: Fed’s Kashkari: US consumer is still strong

What’s moving markets today Currencies have been trying to move up against the Buck, though the price action has been quite tame and FX traders continue to sit back and wait for […]

Prior month revised to -0.2% from -0.1% ForexLive Continue Reading:… Search Web: US leading index for October at -0.1% versus -0.2% estimate

November consumer confidence data: ForexLive Continue Reading:… Search Web: Eurozone November advance consumer confidence -7.2 vs -7.3 expected

US October existing home sales data Housing is showing some signs of leveling off after a rate-fueled rebound starting in June/July. The rate-sensitivity of housing has been remarkable in the past two […]

Key test for the bulls and bears  The USDCAD has moved lower on the less dovish comments from BOC Poloz. Earlier this week, BOC’s Wilkins was a more dovish in the eyes […]

Little changes in the major indices at the opening The major US stock indices are opening with little changes. The snapshot of the indices currently shows: Continue Reading:… Search Web: US stocks open up near […]

Still a modest correction off the highs. The GBPUSD has extended higher off technical support, through resistance and up to most recent highs on the hourly chart. Continue Reading:… Search Web: GBPUSD […]

Less dovish comments from Poloz Canadian dollar jumps. Bank of Canada Governor Stephen Poloz said he thinks that monetary conditions are "about right" given the situation. He spoke at a fireside chat […]

After closing above for an hourly bar, the EURUSD is trading back below the key MA The earlier moves above the MA failed quickly. In the last hourly bar, the price closed […]

Neither side wants Dec 15 tariffs to go into effect Tariffs on Chinese consumer goods slated to go into effect on December 15 will likely be delayed even if both sides can’t […]

The results of the Philadelphia-area manufacturing survey: The headline is good but that’s a worrisome drop in new orders. ForexLive Continue Reading:… Search Web: November Philly Fed +10.4 vs +6.0 expected

Canadian employment data from ADP ForexLive Continue Reading:… Search Web: Canada ADP October employment -22.6K vs +28.2K prior

Initial jobless claims for the week of November 16 ForexLive Continue Reading:… Search Web: US initial jobless claims 227K versus 218K estimate

The USD is tilting lower As North American traders enter for the day, the GBP is the strongest of the major currencies, while the CAD is the weakest. The USD is tilting more to the […]

ECB releases its account of its October monetary policy meeting – Frank discussions necessary but it is important to form consensus – And  to unite behind inflation goal ForexLive Continue Reading:… Search […]

Forex news from the European morning session – 21 November 2019 Headlines: Markets: – NZD leads, CAD lags on the day – European equities lower (off earlier lows); E-minis down 0.1% Continue […]

Reuters reports, citing two sources on the matter I don’t think this really comes as much of a surprise to anyone as this is pretty much the baseline expectation going into the […]

It will almost certainly be a make or break moment for the "Phase One" deal ForexLive Considering how the optimism has died down since the Washington meeting last month, it is hard […]

Treasury yields climb higher as European equities, US futures pare almost all of their earlier losses today ForexLive Bond yields are at their highs for the session while we’re seeing European stocks […]

Liu He is said to have sent invitations to Lighthizer and Mnuchin last week ForexLive Continue Reading:… Search Web: China reportedly invites US trade negotiators for more talks

OECD with an updated forecast on the global economic outlook – 2019 global GDP growth at 2.9% (unchanged) – 2020 global GDP growth at 2.9% (previously 3.0%) – 2019 US GDP growth […]

EUR/USD inches higher but near-term bullish bias still kept in-check for now ForexLive Buyers defended the 100-hour MA (red line) in trading yesterday to maintain the near-term bullish bias in the pair […]

Latest data released by ONS – 21 November 2019 – £8.7 billion; revised to £7.3 billion – PSNB (ex-banks) £11.2 billion vs £9.3 billion expected ForexLive Continue Reading:… Search Web: UK October […]

Reuters reports, citing data from the Federal Statistics Office Digging more into the data, exports to France increased by 3.1% y/y while sales to China nearly stagnated in Q3 – a slowing […]